Analysts forecast that Bed Bath & Beyond Inc. (NASDAQ:BBBY – Get Rating) will announce earnings per share of $0.02 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Bed Bath & Beyond’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at $0.10. Bed Bath & Beyond posted earnings per share of $0.05 in the same quarter last year, which would indicate a negative year over year growth rate of 60%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Bed Bath & Beyond will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from ($0.08) to $1.36. For the next financial year, analysts expect that the company will report earnings of $1.13 per share, with EPS estimates ranging from $0.61 to $1.56. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Bed Bath & Beyond.
Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) last posted its earnings results on Wednesday, April 13th. The retailer reported ($0.92) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.95). The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. Bed Bath & Beyond had a negative return on equity of 14.09% and a negative net margin of 7.11%. The business’s revenue was down 21.7% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS.
In other news, COO John R. Hartmann purchased 6,667 shares of the stock in a transaction that occurred on Tuesday, January 18th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $100,005.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Karp Capital Management Corp bought a new stake in Bed Bath & Beyond during the 1st quarter valued at $223,000. Norges Bank bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $2,902,000. Cornerstone Advisory LLC bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $353,000. Virtu Financial LLC bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $367,000. Finally, State of Tennessee Treasury Department raised its holdings in Bed Bath & Beyond by 5.3% in the 4th quarter. State of Tennessee Treasury Department now owns 61,464 shares of the retailer’s stock worth $896,000 after purchasing an additional 3,116 shares in the last quarter.
Bed Bath & Beyond stock opened at $17.33 on Friday. The firm’s 50 day simple moving average is $19.32 and its 200 day simple moving average is $17.64. The company has a current ratio of 1.14, a quick ratio of 0.47 and a debt-to-equity ratio of 6.77. The firm has a market capitalization of $1.67 billion, a PE ratio of -3.00 and a beta of 1.59. Bed Bath & Beyond has a 1-year low of $12.39 and a 1-year high of $44.51.
About Bed Bath & Beyond (Get Rating)
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It operates through two segments, North American Retail and Institutional Sales. The company sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.
- Get a free copy of the StockNews.com research report on Bed Bath & Beyond (BBBY)
- Institutions And Analysts Drive UnitedHealth Group Higher
- MarketBeat: Week in Review 4/11 – 4/15
- Three Beaten Down Mega Caps The Analysts Are Upgrading
- Top 3 Safe Stocks for Conservative Investors
- Array Technologies Stock Giving Another Ground Floor Entry
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bed Bath & Beyond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond and related companies with MarketBeat.com's FREE daily email newsletter.